Fluent Q1 2024 Adj EPS $(0.30) Misses $(0.10) Estimate, Sales $65.983M Miss $66.433M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluent (NASDAQ:FLNT) reported Q1 2024 adjusted EPS of $(0.30), missing the $(0.10) estimate by 200%. Sales were $65.983M, missing the $66.433M estimate by 0.68%. This represents a 50% decrease in EPS and a 14.59% decrease in sales compared to the same period last year.
May 15, 2024 | 8:29 pm
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Fluent (NASDAQ:FLNT) reported disappointing Q1 2024 results with a significant miss on both EPS and sales estimates. The adjusted EPS of $(0.30) was 200% below the $(0.10) estimate, and sales of $65.983M missed the $66.433M estimate by 0.68%. This poor performance is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates, along with the year-over-year declines in both metrics, indicates poor financial performance. This is likely to lead to a negative market reaction and a short-term decline in FLNT's stock price.
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IMPORTANCE 80
RELEVANCE 100